Cuomo's office: Casinos would generate $430 million annually

3:26 PM,
Oct. 2, 2013

Written by

Jon Campbell
Albany Bureau

Allowing four casinos in upstate New York would generate $430 million in annual revenue for the state, according to an estimate Wednesday from Gov. Andrew Cuomo's budget office.

The estimate marks the first time the Cuomo administration has put a dollar amount on the impact of the Upstate New York Gaming and Economic Development Act, which would allow for four casinos to be sited in the Catskills, Southern Tier and the Capital Region along with 2,000 video lottery terminals on Long Island.

The casinos, however, are contingent on whether voters approve a change to the state constitution in ...